Vnet (VNET) FCF Margin (2014 - 2025)
Vnet's (VNET) quarterly FCF Margin came in at 87.69% in Q4 2025, down 424.0% year-on-year from 27.06% in Q4 2024, and down 24.39% quarter-over-quarter from 115.98% in Q3 2025.
Vnet (VNET) FCF Margin (2014 - 2025) Analysis & Trends
Vnet has disclosed FCF Margin across 12 years of filings, most recently posting 87.69% for Q4 2025.
- FCF Margin for Q4 2025 came in at 87.69%, down 424.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 95.99% (up 1195.0% YoY), and the FY2025 annual result was 57.67%, down 2234.0% from the prior year.
- FCF Margin came in at 87.69% for Q4 2025 at Vnet, down from 115.98% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 115.98% in Q3 2025 to a low of 44.92% in Q2 2023.
- The 5-year median for FCF Margin is 81.66% (2022), against an average of 78.21%.
- Across the five-year window, FCF Margin soared 12790 bps in 2021 and tumbled 4034 bps in 2023, its largest moves.
- Vnet's FCF Margin stood at 91.65% in 2021, then retreated by 15 bps to 78.06% in 2022, then gained by 18 bps to 92.08% in 2023, then declined by 0 bps to 91.93% in 2024, then slipped by 5 bps to 87.69% in 2025.
- The last three FCF Margin figures came in at 87.69% (Q4 2025), 115.98% (Q3 2025), and 91.01% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | - |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 31.02% |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | 13.44% |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 20.33% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 3.66% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 15.24% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 13.32% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 4.37% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 6.14% |
| 10 | Vnet | 2.01 Bn | 1.42 Bn | 77.27 Mn | 87.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 87.69% |
| Sep 30, 2025 | 115.98% |
| Jun 30, 2025 | 91.01% |
| Mar 31, 2025 | 88.34% |
| Dec 31, 2024 | 91.93% |
| Sep 30, 2024 | 103.13% |
| Jun 30, 2024 | 70.40% |
| Mar 31, 2024 | 67.06% |
| Dec 31, 2023 | 92.08% |
| Sep 30, 2023 | 74.24% |
| Jun 30, 2023 | 44.92% |
| Mar 31, 2023 | 58.91% |
| Dec 31, 2022 | 78.06% |
| Sep 30, 2022 | 64.54% |
| Jun 30, 2022 | 85.26% |
| Mar 31, 2022 | 90.45% |
| Dec 31, 2021 | 91.65% |
| Sep 30, 2021 | 50.32% |
| Jun 30, 2021 | 49.76% |
| Mar 31, 2021 | 68.49% |